MIRA INFORM REPORT

 

 

Report No. :

353119

Report Date :

09.12.2015

 

IDENTIFICATION DETAILS

 

Name :

PLANETROLL GMBH & CO. KG

 

 

Registered Office :

Brunnenbergstr. 11-13, D 89597 Munderkingen, Post Box: 11 25, D 89593 Munderkingen

 

 

Country :

Germany

 

 

Date of Incorporation :

1976

 

 

Com. Reg. No.:

HRA 490557

 

 

Legal Form :

Limited Partnership With Private Limited Company As General Partner

 

 

Line of Business :

·         Manufacture of other general-purpose machinery

·         Wholesale of tools and hardware

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GERMANY - ECONOMIC OVERVIEW

 

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 5.2% in 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) per hour to take effect in 2015. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2012 Germany reached a budget surplus of 0.1%. The budget was essentially in balance in 2014. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016 though the target was already reached in 2012. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany plans to replace nuclear power with renewable energy, which accounted for 27.8% of gross electricity consumption in 2014, up from 9% in 2000. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.

 

Source : CIA

 

Company name & address

 

PLANETROLL GMBH & CO. KG

 

 Company Status:         active

                                    Brunnenbergstr. 11-13

                                    D 89597 Munderkingen

                                    Post Box:

                                    11 25, D 89593 Munderkingen

                                    Telephone:07393/95180

                                    Telefax:  07393/951898

                                    Homepage: www.planetroll.de

                                    E-mail:   office@planetroll.de

 

 VAT no.:                      DE813057865

 Tax ID number:             58001/14787

 

 

CONCLUSION

 

 Business relations are permissible.

 

 LEGAL FORM           Ltd partnership with priv. ltd. company as

                      general partner

 Date of foundation:  1976

 Registered on:       05.10.2000

 Register of

 companies:           Local court 89073 Ulm

 under:               HRA 490557

 

 Total cap. contribution:                EUR            515,000.00

 

 Limited partner:

                      INDUS Holding Aktiengesellschaft

                      Kölner Str. 32

                      D 51429 Bergisch Gladbach

                      Post Box:

                      10 03 53, D 51429 Bergisch Gladbach

                      Legal form: Public limited company

                      Share capital:     EUR         63,571,323.62

                      Share:             EUR            515,000.00

                      Registered on: 10.10.1991

                      Reg. data: 50939 Köln, HRB 46360

 General partner:

                      planetroll Verwaltungs GmbH

                      Brunnenbergstr. 11

                      D 89597 Munderkingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered on: 29.09.2000

                      Reg. data: 89073 Ulm, HRB 490573

 

 Shareholder:

                      planetroll GmbH & Co. KG

                      Brunnenbergstr. 11-13

                      D 89597 Munderkingen

                      Post Box:

                      11 25, D 89593 Munderkingen

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Total cap.         EUR            515,000.00

                      contribution:

                      Share:             EUR             25,000.00

                      Registered on: 05.10.2000

                      Reg. data: 89073 Ulm, HRA 490557

 Manager:

                      Hans-Joachim Wunn

                      D 89616 Rottenacker

                      having sole power of representation

                      born: 12.02.1957

 

 

COMPANY HISTORY

 

 08.02.1977 - 01.01.1980  planetroll Antriebe GmbH

                          D 89597 Munderkingen

                          Private limited company

 01.01.1980 - 01.09.1981  planetroll Antriebe GmbH

                          D 89616 Rottenacker

                          Private limited company

 01.09.1981 - 05.10.2000  planetroll Antriebe GmbH

                          Brunnenbergstr. 11 - 13

                          D 89597 Munderkingen

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 28290   Manufacture of other general-purpose machinery

46741   Wholesale of tools and hardware

 

 

PARTICIPATIONS

 

 Shareholder:

                      planetroll Verwaltungs GmbH

                      Brunnenbergstr. 11

                      D 89597 Munderkingen

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  29.09.2000

                                  Local court 89073 Ulm

                                  HRB 490573

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information: We have no negative information at hand.

 

 PMI:                 No significant / relevant payment experience

                      information pertaining to the company

                      inquired upon is shown in the Deutscher

                      Debitoren Monitor (DDMonitor).

 

 

REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100.00 %

 Address              Brunnenbergstr. 11-13

                      D 89597 Munderkingen

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 DONAU-ILLER BANK, 89574 EHINGEN (DONAU)

 Sort. code: 63091010

 BIC: GENODES1EHI

 

 Further bank

 DEUTSCHE BANK, 89006 ULM, DONAU

 Sort. code: 63070088

 BIC: DEUTDESS630

 

FINANCIAL FIGURES

 

 Financial year:      01.01. - 31.12.

 The number of employees is not known.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.80

UK Pound

1

Rs.100.49

Euro

1

Rs.72.52.

EUR

1

Rs.72.85

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

Report Prepared by :

TPT

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.